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ASIC has accepted a court enforceable undertaking and fined timeshare lender Future Holiday Finance Pty Ltd (FHF) for responsible lending failures. FHF has paid a penalty of $135,000 in response to three infringement notices and will pay up to $3 million in compensation to consumers.
FHF provides finance for the purchase of memberships in ULTIQA Lifestyle, a points-based timeshare scheme.
ASIC found that FHF signed consumers up to loans when they attended ULTIQA Lifestyle timeshare sales seminars, without first assessing if customers could afford the loans or if the loans were right for them.
As a result, ASIC has issued three infringement notices to FHF for alleged breaches of its responsible lending obligations.
As well as failures with the timing of FHF’s loan assessments, ASIC had concerns about their quality. The court enforceable undertaking addresses FHF’s poor loan assessment practices which did not meet the standards required by law.
In addition, ASIC examined FHF’s loan document and identified a potentially unfair contract term. ASIC was concerned that the ‘entire agreement clause’ prevented verbal statements made by FHF from forming part of the contract. This clause is no longer included in the loan contract and FHF has agreed not to enforce this clause in any existing contract.
FHF will offer to review the loans of all customers who entered into contracts between 1 July 2012 and 30 August 2018. Refunds will be provided to customers where contracts were not suitable. This compensation program will be overseen by an independent expert who will also assess FHF's compliance with its responsible lending obligations and whether the company’s credit contract contains any unfair terms.
ASIC Deputy Chair Peter Kell said: "Timeshare finance operators must ensure that they comply with their responsible lending obligations.
"Consumers should always take the time to consider upfront and ongoing costs of timeshare, including finance, given they are a long-term commitment and can be difficult to sell."
ASIC encourages customers who took out a loan to purchase their ULTIQA Lifestyle timeshare membership to ask for their loan to be reassessed. Customers can contact FHF on (07) 5556 3000. ASIC’s MoneySmart also has information about FHF’s remediation program.
ASIC can issue an infringement notice where it has reasonable grounds to believe a person has contravened certain consumer credit protection laws. The payment of an infringement notice is not an admission of a contravention of the National Consumer Credit Protection Act 2009 (Cth). 
ASIC is updating the regulatory framework for timesharing schemes. It is proposed that additional consumer protections apply, including to reflect the fact that it is common for a financier related to the timeshare operator to fund an acquisition of timeshare interests. ASIC’s website contains further detail of the proposed changes.
ASIC raised concerns with ULTIQA Lifestyle's disclosure and sales practices in 2016 after ASIC finalised a surveillance of ULTIQA Lifestyle Points Limited and ULTIQA Lifestyle Promotions Limited (ULTIQA Group), one of Australia's largest timeshare operators.
ASIC's scrutiny followed complaints received from consumers and other regulatory agencies alleging misleading and deceptive statements and unconscionable conduct by the ULTIQA Group. ASIC reviewed ULTIQA Group's disclosure and sales practices in relation to the sale of interests in ULTIQA Lifestyle, a points-based timeshare scheme with 11,792 members as at 30 June 2016.
ASIC made extensive enquiries of the ULTIQA Group regarding its disclosure and sales practices. In response to ASIC's enquiries, ULTIQA Group has:
<ol>
<li>amended its PDSs to give additional prominence to cooling-off rights, bonus weeks and split weeks;</li>
<li>amended point-of-sale documents to ensure applicants are aware of their cooling-off rights;</li>
<li>modified its monitoring and supervision of sales agents' compliance with and adherence to ULTIQA Group's sales processes and procedures;</li>
<li>removed and clarified potentially misleading statements from the members' kit given at point of sale, and agreed to monitor sales practices to ensure that certain features of Club membership benefits are not misrepresented; and</li>
<li>revised sales processes and practices by providing new members with temporary access to the 'members only' section of the Club's website during the cooling-off period to enable them to assess the benefit of the interests.</li>
</ol>
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j.ballantyne1990-6AQqhLzZaK

ULTIQA timeshare lender Future Holiday Finance pays ASIC penalty 

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A luxury penthouse in Cronulla has sold off the plan for $7.5 million — a new apartment price record for the area.
The local buyer secured the penthouse in Ozone Residences.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/4/CRONULLA%202.jpg" alt="">
The boutique development with views of the Pacific Ocean is being developed by LEDA Holdings and Rebel Property Group.
They commissioned Vic Lake Architects, the architectural firm that has designed numerous luxury residences along the Cronulla coastline.
Ozone's two penthouses are two levels with 227 square metres of floor space.
Selling agent Greg Gilbert of Greg Gilbert Projects said the complex was popular market for downsizers.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/4/CRONULLA%204.jpg" alt="">
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Luxury Cronulla unit sale smashes area price record

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A four bedroom house at Junee, a town in the Riverina region of New South Wales, has been listed for sale at $189,000 by mortgagees.
It has been offered by Jason Barrett from PRDnationwide Junee.
It sold at $148,000 in 2007.
The house at <a href="https://www.realestate.com.au/property-house-nsw-junee-127655766" target="_blank">13 Prince Street</a> consists of four bedrooms, two living areas and a modern kitchen. 
Other features include timber windows, open fire place, wide floor boards, interior lining boards, high ceilings and verandah.
Situated on a 1075 square metre block with views over town, it is close to North Junee Primary School.
The suburb's median house price sits at<a href="/developments/junee-nsw-2663"> $256,500</a> according to CoreLogic. 
It has been a $270 a week rental.
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Junee four bedroom house offered by mortgagee

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The Victorian Liberal Party has sold its Melbourne CBD headquarters. 
Colliers International Melbourne City Sales team of Daniel Wolman, Matt Stagg and Oliver Hay secured $37.1 million after over 110 genuine enquiries and received 10 strong and reputable bids.
There were $30 million plus hopes for the six-level, blue-chip building on Exhibition Street.
It was sold by the cash-strapped Liberals who took out a $2 million mortgage against the building after their jailed, former state director Damien Mantach stole $1.5 million from the party.
The rentals within the building were earning $1.3 million in rent in 2018 compared to $810,000 in 2016.
<div class="cq-article-content-paras section">
Known as Centenary Hall and built in 1935, the six-level 104 Exhibition Street building was acquired at auction by Vapold Pty Ltd, a Liberal Party vehicle, for $576,000 in 1976.
The circumstances of the party's purchase led to an inquiry after it was sold by the Hamer Liberal Government.
The inquiry cleared the Liberal Party and the Government of any impropriety.
The building has 2,550 square metres of space.
</div>
<div class="cq-article-content-paras section">
The Liberal Party occupies a whole floor in the building while level four has been home to the famed Tolarno Galleries, founded by George and Mirka Mora in the 1960s.
</div>
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104 Exhibition Street, Melbourne sold by the Victorian Liberal Party

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The Victorian Liberal Party is selling its Melbourne CBD headquarters.
There's $30 million plus hopes for the six-level, blue-chip building on Exhibition Street.
It is being sold by the cash-strapped Liberals who took out a $2 million mortgage against the building after their jailed, former state director Damien Mantach stole $1.5 million from the party.
The rentals within the building were earning $1.3 million in rent in 2018 compared to $810,000 in 2016.
<div class="cq-article-content-paras section">
Known as Centenary Hall and built in 1935, the six-level 104 Exhibition Street building was acquired at auction by Vapold Pty Ltd, a Liberal Party vehicle, for $576,000 in 1976.
The circumstances of the party's purchase led to an inquiry after it was sold by the Hamer Liberal Government.
The inquiry cleared the Liberal Party and the Government of any impropriety.
The building has 2,550 square metres of space.
</div>
<div class="cq-article-content-paras section">
The Liberal Party occupies a whole floor in the building while level four has been home to the famed Tolarno Galleries, founded by George and Mirka Mora in the 1960s.
</div>
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104 Exhibition Street, Melbourne listed by the Victorian Liberal Party

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Rolex, the Swiss watchmaker, have emerged as the buyer of the Victorian Liberal Party Melbourne CBD headquarters. 
Colliers International Melbourne City Sales team of Daniel Wolman, Matt Stagg and Oliver Hay secured $37.1 million after over 110 genuine enquiries and received 10 strong and reputable bids.
There were $30 million plus hopes for the six-level, blue-chip building on Exhibition Street.
It was sold by the cash-strapped Liberals who took out a $2 million mortgage against the building after their jailed, former state director Damien Mantach stole $1.5 million from the party.
The rentals within the building were earning $1.3 million in rent in 2018 compared to $810,000 in 2016.
<div class="cq-article-content-paras section">
Known as Centenary Hall and built in 1935, the six-level 104 Exhibition Street building was acquired at auction by Vapold Pty Ltd, a Liberal Party vehicle, for $576,000 in 1976.
The circumstances of the party's purchase led to an inquiry after it was sold by the Hamer Liberal Government.
The inquiry cleared the Liberal Party and the Government of any impropriety.
The building has 2,550 square metres of space.
</div>
<div class="cq-article-content-paras section">
The Liberal Party occupies a whole floor in the building while level four has been home to the famed Tolarno Galleries, founded by George and Mirka Mora in the 1960s.
</div>
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Rolex buy 104 Exhibition Street, Melbourne from the Victorian Liberal Party (2)

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A Hamptons style five bedroom Avoca beach-house has been sold prior to auction for $3.55 million.
It was sold by Stewart Power and Nicole Jackson from Harcourts Avoca Beach late last month.
The house at<a href="https://www.realestate.com.au/sold/property-house-nsw-avoca+beach-128986214" target="_blank"> 60C Cape Three Points Road</a> comes with spacious north-facing living over two levels, entertaining decks with vistas, gourmet kitchen, master suite and other four bedrooms.
Additional highlights include timber floors, high raked ceilings, in-ground heated pool, double garage, and double off-street parking. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/28/avoca%20beach%203.jpg" alt="">
The house features vista comprising sweeping beach and ocean views along pristine sands from Avoca Surf Club all the way to North Avoca.
It has direct access to Ascot Avenue, about 300m walk to the beach. 
The suburb's median house price sits at<a href="/developments/avoca-beach-nsw-2251"> $920,000</a> according to CoreLogic. 
It had last traded at $3.52 million last year. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/28/avoca%20beach%204.jpg" alt="">
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Avoca Beach trophy home sold before reaching auction

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Property buyers can save big amounts of money if they shop around for the lowest variable interest rate home loan, a new analysis of rates has revealed. 
The Australian Financial Review says a property buyer shopping around for a $1 million home loan with a 20 percent deposit can save more than $6,800 in annual repayments by choosing the cheapest variable rate. 
They suggests a $1 million owner-occupier borrower has nearly 680 fixed and more than 340 variable interest rates to choose from.
Analysis by Canstar found that CBA's wealth package standard variable rate for a principal and interest loan of 4.52 per cent is more than 100 basis points higher than Easy Street Financial Services rate of 3.49 per cent, or about $569 extra in monthly payments.
Commonwealth Bank is the most expensive lender, while Westpac closed the gap when they <a href="/expert-insights/finance/westpac-is-the-first-of-the-big-four-banks-to-hike-out-of-cycle">hiked their rates out of cycle last week.</a>
Adelaide Bank and Suncorp followed, raising their rates by up to 40 basis points.
Suncorp, Australia’s sixth largest lender, lifted its variable rates for the second time in less than six months.
The changes at Suncorp will see all variable rate home loans increase 0.17% p.a. and small business loans increase 0.10% p.a, effective 14 September.
This follows on from its 28 March rate hike of up to 0.12%.
Suncorp Banking &amp; Wealth CEO David Carter said the decision to increase rates was based on the sustained increase in funding costs.
RateCity research director Sally Tindall said Adelaide Bank interest-only variable customers will be bruised by the fact their bank has delivered them one of the biggest out of cycle hikes so far.
“The message for Australian mortgage holders is now clear: Be prepared to shell out extra for your home loan or consider refinancing.
“Despite the hikes, banks are desperate to get new business in the door, throwing rock-bottom rates on the table, but only for new customers."
Tindall added it was best to "own at least 20 per cent of your home."
 
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Home loan discounts on offer for buyers willing to shop around

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A Tyabb property next to an airport with hangar space for eight aircraft has been listed for sale.
The <a href="https://www.realestate.com.au/property-acreage+semi+rural-vic-tyabb-127826058" target="_blank">62 Stuart Road acreage </a>also comes with a three-bedroom house. <a href="https://www.realestate.com.au/news/langwarrin-storybook-cottage-finds-faraway-buyer/" target="_blank"> </a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/10/e01f969d2a204228aa2bc2479fc07f82.jpg" alt="">
The 2 hectare property has a $1.38-$1.5 million price guide through Harcourts JT &amp; Co agent Dowler.
It has direct access onto the taxiway.
The airport is used mainly for recreational and training purposes.
Tyabb's median house price is around $542,500, according to CoreLogic figures. 
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Tyabb property with aircraft hangar flies on to the market

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GUEST OBSERVATION
Sections of cities all over the world are being demolished to meet increasing demand for transport infrastructure. The process of building new roads, harbour crossings, metro systems and light rail lines seems unending. Large-scale construction includes loss of public space, housing and backyards.
Historic suburbs, such as Sydney’s Haberfield, have suffered. And then there’s the issue of cost blow-outs and traffic gridlock. There are rumblings, too, about environmental impacts and equity of access. But there is actually one public transport option that can mitigate many of these concerns: cable cars.
Cable cars now grace many urban skylines, including some of the world’s most populous, congested and poorest cities, such as Colombia’s city of Medellin, but also the US city of Portland. These cities have integrated cable cars with existing transport networks. The newer versions are cheap, quick to build and solar generating. Perhaps it’s time for Australia to start looking skyward for solutions.
What are cable cars?
Cable cars are also known as aerial trams, gondolas, wires or ropeways. They are well known at ski resorts, but some cities are now including them as a form of public transportation. A pioneering example is the Colombian Medellin Cable, built in 2004. This was the first in the world to be fully integrated into the urban public transport system.
<a href="https://images.theconversation.com/files/234196/original/file-20180830-195316-1jzii6o.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/234196/original/file-20180830-195316-1jzii6o.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The Medellin Cable has been credited with helping reduce the high crime rate in the Colombian city. <a class="source" href="https://www.flickr.com/photos/ryananderton/44280479791/in/photolist-bPMjeX-2asV2W8-eYbxoJ-8K88Yp-C4XwEe-eXZyDk-Czec9G-CRLjZq-Ybhrae-21KWeuw-Nby1G3" target="_blank">Ryan Anderton/Flickr</a>, <a class="license" href="http://creativecommons.org/licenses/by/4.0/" target="_blank">CC BY</a>
Medellin triggers images of modern-day gangsters (including the drug baron Pablo Escobar) and high murder rates. But in 2016, the city won the Lee Kuan Yew World City Prize for extreme reduction in violent crime. This was attributed to a multi-targeted approach to sustainable urban redevelopment, with a focus on accessible transport.
The cable car was the main feature of this transport system. This has improved the lives of many in the poorer parts of the city by providing transport out of impoverished areas to employment and other opportunities.
The Mexicable in Mexico’s city Ecatepec in Morelos, opened in 2016. The journey, which spans 4.8 kilometres, used to take over an hour on the roads below. Now up to 30,000 passengers a day travel along the route of 17 minutes. It is solar powered and cost just A$US72 million to build.
<iframe src="https://www.youtube.com/embed/Y1Besasn8-E?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>
With a limit of 10 people per car, commuters feel safer. One explained: "bandits go after buses but leave the cable cars alone."
Cable cars are equipped with high-tech surveillance security, including cameras.
Another commuter, a woman this time, told Al Jazeera: "most of all I like the feeling of security … when travelling by bus I never know what my children would experience."
There are many other recent examples of urban transit cable cars including the Portland Arial Tram in the United States, built in 2007. Each of the tram’s two cabins has the capacity to hold 79 people.
The aerial tram travels a journey of just over 1 kilometre and cost US$57 million to construct. In comparison, a 1.6 kilometre stretch of an urban four-lane freeway costs US$60-$300 million. Cable cars require less land, less infrastructure and are quick to build.
There is also the Telepherique de Brest in France, completed in 2017. There are plans for an 11 kilometre cable car for Santo Domingo in the Dominican Republic and a 10 kilometre span for Istanbul, Turkey.
Australia could be next
According to Stephen Graham, a cities professor at the UK’s Newcastle University, city planning has traditionally tended to occupy a horizontal plane and adopt a flat perspective.
A geographer at University College London, Andrew Harris, considers this horizontal thinking as somewhat ironic, given that the 21st century’s urban age “has stimulated and necessitated three-dimensional urban growth with the construction of new overhead and underground infrastructure…”
We need to think three-dimensionally, and look skyward as well as underground. While the cable car industry is currently in a selling frenzy in cities all over the world, Australian cities have not engaged with this form of urban public transport.
Cable cars in Australia are mostly found in the ski fields or as tourist attractions. Those in the planning stages also follow the tourism model (such as for the Mount Wellington Cable Car in Hobart) rather than contribute to mass transit.
Cable cars are not constrained by the urban landscape and require minimal land or property acquisition. They are capable of providing mobility where other technologies are unworkable at street-level. Many are built over existing main roads and provide a direct public transport option to sitting in traffic. Most modern examples are user-friendly and easily accessible. The Mexicable has wheelchair access at every station.
Just think how Australian cities might be transformed. Imagine highly congested urban transport routes with an aerial tram moving almost silently, high above. This is the reality for an increasing number of urban commuters, globally.<img src="https://counter.theconversation.com/content/101829/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Wendy Shaw, Associate Professor, UNSW
This article was originally published on <a href="http://theconversation.com">The Conversation</a>. Read the <a href="https://theconversation.com/look-up-australia-cable-cars-could-ease-our-traffic-woes-101829">original article</a>.
Main photo: The Telepherique de Brest was completed in 2017. <a href="https://commons.wikimedia.org/wiki/File:T%C3%A9l%C3%A9ph%C3%A9rique_de_Brest_Capucins_01-2017.jpg">Wikimedia Commons</a>. 
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Look up Australia, cable cars could ease our traffic woes: Wendy Shaw

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Staff reporter

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